Titan's PipWorld

[Titan]

Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...


Date: Mon, Jan 7th 2008
Time: 6:00pm New York Time


Outlook: My outlook for GbpJpy has not changed, I'm expecting a nice move upward over the next few weeks and as for UsdJpy I'm still expecting to see the 115.00 level and if the correlation of the Dow Jones Industrial Average stays intact then look for it to go up as well.


Titan


p.s. Long live the Carry-Trades...

[Titan]

Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...


Date: Tue, Jan 08th 2008
Time: 7:20am New York Time


Today's Performance:

Starting Balance: 25k Demo-Acct
Current Balance: 25,295.18
Current Equity: 20,241.14

Gain: +374 pips
Loss: -53 pips

Total pips earned: +321 pips

Number of trades: 4
Number of wins: 3
Number of losses: 1

Consective wins:3
Consective losses:0

Interest Earned:$-27.83
COC:0

Largest Gain on a single trade:+213 pips
Largest Loss on a single trade:-53 pips

Largest Peak to Valley DrawDown: -1328 pips


Today's Trades:
Closed Out: GbpJpy 214.97 at 217.10: +213 pips


Outlook: GbpJpy and UsdJpy will continue to head upward over the next few weeks.


To enlarge pic once loaded just click on image.


Titan


Recap: The method in which I trade is called, Balance Point Trading. It tracks the actual tru-value of a given currency pair, then trades the imbalances of that particular currency pair until the balance point (tru-value) has been achieved.

This method I developed (Balance Point Trading) has nothing to do with pivot-points or s/r points; however, such and other technical indicators can be used to help track the tru-value.

Due to this method being a value trading system there are going to be small to large moves against one's position due to the imbalances working themselves out of the market place. Such a system requires one to reduce their unit size and be ready to wait days, weeks even months before the projected tru-value price target is reached.

[Titan]

Date: Tue, Jan 8th 2008
Time: 8:50am New York Time

Note: GbpJpy can still drop to 212.02/212.25 to finish out the downside
move. GbpJpy must climb to at least 220.25 to be safe from further downside risk.

GbpJpy current position: 215.87

Titan

[Titan]

WHY INSTITUTIONAL TRADERS ARE THREATENED BY FOREX
LIVE-ON-THE-NEWS SERVICE...

Dear Titan

In January 2007 a number of institutional traders
threatened the Forex Live-on-the-News service,
leaned on their high-level contacts to cut off our
news feed (for 48 hours), and threatened both us
and our marketing partners commercially and even
physically - with verbal threats of violence.

Why are institutional level professional traders
so threatened by us?

Without a doubt, the number one reason is
RESULTS...

Our system of trading Forex is producing
tremendous results... for us, for each of our
subscribers in the trading room, and for large
managed accounts that we handle.

They fail to realize that competition is LEGAL and
part of the American way -- free enterprise
capitalism...

They want all the spoils for themselves, and when
they feel like somebody is treading on "their
turf"... like spoilt children they go running to
others to get us "banned from the playground".

.................................................. ...................

Kinda funny don't you think. Anyone else get this email from forexmastermaker.com

[Titan]

Date: Tue, Jan 8th 2008
Time: 9:21pm New York Time

Correction...

Starting Balance: 25k Demo-Acct
Current Balance: 25,295.18
Current Equity: 19,413.09

Gain: +374 pips
Loss: -53 pips

Total pips earned: +321 pips


To enlarge pic once loaded just click on image.


Titan

[Titan]

Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...

Date: Wed, Jan 9th 2008
Time: 9:54am New York Time

Outlook: GbpJpy looks really for a retest of 213.46 set on Jan 4th 2008, if so I will look to Buy at 213.50.


To enlarge pic once loaded just click on image.


Titan


__________
Trade like a Banker, what a scary thought. lol

[Titan]

Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...

Date: Thur, Jan 10th 2008
Time: 10:15am New York Time


Performance Update:

Starting Balance: 25k Demo-Acct
Current Balance: 25,196.55
Current Equity: 18,735.19

Gain: +377 pips
Loss: -153 pips

Total pips earned: +224 pips

Number of trades: 6
Number of wins: 4
Number of losses: 2

Consective wins:3
Consective losses:0

Interest Earned:$-30.24
COC:0

Largest Gain on a single trade:+213 pips
Largest Loss on a single trade:-100 pips

Largest Peak to Valley DrawDown: -1328 pips


Today's Trades:
Closed Out: Hedge Trade: Sell AudCad .8845 at 8945: -100 pips
Closed Out: Hedge Trade: Sell ChfJpy 98.43 at 98.40: +3 pips

Comments: My backtested hedge trades are not working out as planned and I have three more hedge trades open atm. They are all under water in a major way. Will keep you up to date on the trades, most likely the stop-loss will get hit today or tomorrow, its very close. If these last three hedge trades all get hit then all hedging will come to a stop until better backtesting and forward testing on hedging can be conducted. As for the Balance Point Trades, everything is doing fine.



To enlarge pic once loaded just click on image.


Titan

[Titan]

Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...

Date: Thur, Jan 10th 2008
Time: 2:00pm New York Time


Performance Update:

Starting Balance: 25k Demo-Acct
Current Balance: 24,898.00
Current Equity: 17,838.39

Gain: +377 pips
Loss: -453 pips

Total pips earned: -76 pips

Number of trades: 9
Number of wins: 4
Number of losses: 5

Consective wins:3
Consective losses:3

Interest Earned:$-32.65
COC:0

Largest Gain on a single trade:+213 pips
Largest Loss on a single trade:-100 pips

Largest Peak to Valley DrawDown: -1328 pips


Today's Trades:
Closed Out: Hedge Trade: Sell AudCad .8904 at .9004: -100 pips
Closed Out: Hedge Trade: Sell AudCad .8925 at .9025: -100 pips
Closed Out: Hedge Trade: Sell AudCad .8945 at .9045: -100 pips

Comments: Yes, I will hold off on placing any more hedges from this point and stick to my Balance Point Trades.


To enlarge pic once loaded just click on image.



Titan

[Titan]

Update: Pending trade 213.50 GbpJpy was cancelled. GbpJpy did go as low as 213.55 but did not reach my Buy-signal of 213.50.

Hopefully, GbpJpy has put in a bottom and is now ready to head north to 221.00/223.00 levels.


Titan

[Titan]

Date: Fri, Jan 11th 2008
Time: 4:56am New York Time

I wake up this morning and GbpJpy has fallen to new lows for the week. I'm not feeling to good atm. Huuummm.... No choice but to ride this out.


Titan